Who painted the tape with totally bogus closing trade? All shares traded between 9.90 and 10.20 (most were over 10), then low and behold, 15 shares were sold just before the close at 9.5.
I can decide if that's real ignorance speaking, or just plain foolishness!
SD now has little to no liquidity left. They will need more cash soon.
Almost a billion in cash in the coffers, and you think they'll need more soon?
You evidently bumped your bird brain head really hard when you fell out of bed today.
Cutting expenses to the bone and conserving cash not only gives them staying power to survive through an extended period of the low oil prices, it will enable them to quickly scale up again once oil prices do recover (because they'll still have plenty of the cash held in reserve to make that happen.) Not only a smart way to do it, it's the right way. The wrong way would be to over invest trying to increase production, only to have to sell it cheaper and cheaper. (Just ask some of the coal companies how well that's worked for them...)
Perhaps you'd care to state just one single fact I've distorted rather than spew out more scatological blathering, But, you won't. (Namely because... you can't.)
I'd rip on your obvious lack of intelligence and/or your ability to read, but... figured it wouldn't make any difference. You'll just continue to deflect and distort the truth to try to promote your own pathetic purposes.
1.25 billion, actually. And all the anonymous postings implying eminent failure or bk are all fictitious #$%$ trying to manipulate the share price lower. Every single one of them, without exception.
Having just stuffed its coffers stuffed full of cash and still sitting on a fair number of higher priced oil hedges, the real question is what the price of oil will be a couple of years from now.... not what it is today or 6 months from now. Why haven't you folks figured this out by now?
Evidently he's not only a liar, he's also too dumb to consider the cost of for litigating a liable suit.
Maybe it's hard to see it now, but don't none of ya here be cryin' woulda, coulda, shoulda when this hits 30 again in another week or so...
Now that the nitwit blew his head off (it didn't trade down to the low today... it was a monster block cross over 3 points below the market), this shouldn't have much difficulty moving back above 30.
Buy and hold this preferred for just over 2 years (end of July, 2017).... for 5 semi-annual dividend payouts... and it will likely pay back nearly the full cost of entry.... $21.25 (maybe more, if paid in stock discounted 5% to the market.) But please pay me in (zero cost basis) stock... oh, pretty, please. I'll take the chance of making a bit extra on the 5% discount (AND I can use the gain to offset some nasty capital losses incurred elsewhere.) The company is obscenely cash rich right now (will easily survive for at least 3 more years), and it should never have been available to buy for prices this insanely low... but, as they say... don't look a gift horse in the mouth. Nincompoops that are selling these evidently don't know or understand what they are or how they work.